BOJ keeps policy steady, offers gloomier view on exports and output

1 minute read

A man wearing a protective mask walks past the headquarters of the Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon/File Photo

Register now for FREE unlimited access to

TOKYO, Sept 22 (Reuters) - The Bank of Japan kept monetary policy steady on Wednesday but offered a bleaker view on exports and factory output, as Asian factory shutdowns caused supply-chain disruptions for some manufacturers.

As widely expected, the BOJ maintained its short-term interest rate target at -0.1% and that for 10-year government bond yields around 0%.

"Exports and factory output continue to increase, although they are partly affected by supply constraints," the central bank said in a statement announcing its policy decision.

In July, the BOJ said exports and output continue to increase steadily.

Register now for FREE unlimited access to
Reporting by Leika Kihara, Tetsushi Kajimoto and Daniel Leussink Editing by Chang-Ran Kim

Our Standards: The Thomson Reuters Trust Principles.